I don’t think so because I haven’t done this sorry
Answer=53,040
Explanation: $52,000*0.02=1,040
52,000+1,040=53,040
Answer:
a. Yes. The difference is common and equal to $1750
b. $1750
c. $20000 was initial investment
d. This is linear equation with start point of 20000 and slope of 1750:
e. After another 10 years (on the top of 5 given) the investment will be:
- y = 1750*15 + 20000 = $46250
f. After 20 years the value of investment will be:
- y = 1750*20 + 20000 = $55000
